Ravi Kumar, Delhi
Q: The new master plan of Delhi has twice the residential area as it has in present. and all these new residential areas are close to the already established colonies/ zones.The land rates are cheaper than Noida extension, Manesar, Greater Faridabad, Yamuna expressway, etc. What would be the scenario after the 5 or 7 years?
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Does anyone has information about a good society in P2-Zone?Does anyone has information about a good society in P2-Zone?
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Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-1 //*************************************************************************************** As per “Royal Town Heights Brochure” Revanta commiting construction starting date was early-2014 but as per my May-2014 dicussion with Revanta executive the construction will be start on March-April-2015. So as per my calculation Revanta trying to delay this project for enjoying member land cost interest. I don’t see any benefits in favour of member as this project construction is delay by Revanta it self. So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest to members? Thanks, RaviHi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-1 //*************************************************************************************** As per “Royal Town Heights Brochure” Revanta commiting construction starting date was early-2014 but as per my May-2014 dicussion with Revanta executive the construction will be start on March-April-2015. So as per my calculation Revanta trying to delay this project for enjoying member land cost interest. I don’t see any benefits in favour of member as this project construction is delay by Revanta it self. So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest to members? Thanks, Ravi
Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-2 //*************************************************************************************** So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest or money as rent to members? I have many friends at bangalore and they also buying same type of property, now constructors missed they commited date so per month basis they are paying home rent to each members who booked home. Thanks, RaviHi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-2 //*************************************************************************************** So Revanta have any written agrement that if construction will be not start on commited date then Revanta will start providing per month interest or money as rent to members? I have many friends at bangalore and they also buying same type of property, now constructors missed they commited date so per month basis they are paying home rent to each members who booked home. Thanks, Ravi
Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-3 //*************************************************************************************** Here everything looks like not commited so why should member pay whole construction cost at one time. Revanta offering any installment plan for paying construction cost? Thanks, RaviHi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-3 //*************************************************************************************** Here everything looks like not commited so why should member pay whole construction cost at one time. Revanta offering any installment plan for paying construction cost? Thanks, Ravi
Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-4 //*************************************************************************************** Revanta have any option for booking at time when construction will be start? Thanks, RaviHi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-4 //*************************************************************************************** Revanta have any option for booking at time when construction will be start? Thanks, Ravi
Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-5 //*************************************************************************************** Revanta site will share a member contact detail list who are doing surrender when construction will be start? Thanks, RaviHi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-5 //*************************************************************************************** Revanta site will share a member contact detail list who are doing surrender when construction will be start? Thanks, Ravi
Hi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-6 //*************************************************************************************** 20 Lac land cost one month market interest for 1.5% per month = 30,000 Rs so per year this will be 3 Lac 60,000 Rs. Same calculation for construction cost approximate 30 Lac one month market interest for 1.5% per month = 45,000 Rs so per year this will be 5 Lac 40,000 Rs. As revanta commiting constuction max 4 year time period so 4 year construction cost interest revanta will enjoy = 21 Lac 60,000 Rs. As this is 2021 master plan so I don’t think DDA will finish their work before 7.5 years. I have visited this site in May-2014 and still there is no activity started by DDA and nothing in news regarding DDA actively started some work in Zone P-II. Thanks, RaviHi Amit, Please provide your comments on my below doubt. //*************************************************************************************** // Doubt-6 //*************************************************************************************** 20 Lac land cost one month market interest for 1.5% per month = 30,000 Rs so per year this will be 3 Lac 60,000 Rs. Same calculation for construction cost approximate 30 Lac one month market interest for 1.5% per month = 45,000 Rs so per year this will be 5 Lac 40,000 Rs. As revanta commiting constuction max 4 year time period so 4 year construction cost interest revanta will enjoy = 21 Lac 60,000 Rs. As this is 2021 master plan so I don’t think DDA will finish their work before 7.5 years. I have visited this site in May-2014 and still there is no activity started by DDA and nothing in news regarding DDA actively started some work in Zone P-II. Thanks, Ravi
Hi Amit, Thanks for all quickly reply, still i am not getting clear answer to my one doubt. You are saying land price escalation but market interest will be more then escalation, its very simple to say delay will be good but personally i am not agree with that point, max delay must be written on paper and if delay happen then what Revanta will pay to member? i am just talking about safer side for buyers...I am believing in written policy not in probability like this will happen or that will. I will come to meet you today so my miss understanding will be clear. FYI, i read all this reply and i have contacted some of the members we are part of this discussion, they are not in confidence for this deal then how can i suddenly decide.Hi Amit, Thanks for all quickly reply, still i am not getting clear answer to my one doubt. You are saying land price escalation but market interest will be more then escalation, its very simple to say delay will be good but personally i am not agree with that point, max delay must be written on paper and if delay happen then what Revanta will pay to member? i am just talking about safer side for buyers...I am believing in written policy not in probability like this will happen or that will. I will come to meet you today so my miss understanding will be clear. FYI, i read all this reply and i have contacted some of the members we are part of this discussion, they are not in confidence for this deal then how can i suddenly decide.
Q: Still i am not much clear about many things. 1) From where we can cross check Revanta Welfare Society certificate is original or not. 2) Why Revanta different executive saying different price of land cost? 3) Once of of forum i am seeing many negative reviews for revanta. 4) I have visited Revanta land and they are planing for 1000 member with lots of facility so i have very clear doubt how come Revanta able to achieve everything in this much of land size. This is very biggest doubt for me. 5) Revanta site sill not clearly mentioning how many projects they are making in this land and how many members are targeted per project. I need expert advice on this investment and registered members inputs so i will able to take right decision.
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Thanks Raj & Doel for sharing... any one of you having any idea for Revanta P2 Zone?Thanks Raj & Doel for sharing... any one of you having any idea for Revanta P2 Zone?
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